Risk of new banking crisis as 'kick and hope' strategy runs out of road

``A period of steady economic recovery, especially in the more indebted eurozone countries, was always the vital component in a policy based on hoping the banks would repair themselves without surgery. The combination of weaker recovery prospects and political instability flowing from Brexit has made the kick-and-hope strategy for the banks look increasingly inadequate. The result could be a re-run of the 2012 eurozone crisis.''